drillers and diggers update

Interesting update from D & D on email tonight re-iterating what we have all been discussing over the last few months and again putting the spotlight on Uranium and Bannerman.

The update comments on the upcoming climate talks in Copenhagen and how Abbott taking over the Liberal party leadership may put more of a spotlight on Uranium here in Australia. Also a few figures on India tripling the number of Nuclear power plants from 17 to 50, and this is the interesting bit, that the new plants are far bigger than existing plants by as much as a factor of ten, so will require more uranium.

Also of interest is that the author had an personal phonecall from earlier in the week with Peter Kerr, the CFO of BMN who stated that "plans are progressing rapidly and that the pre-feasibility statement (PFS) can be expected either this month or early next year." Mr Kerr also said "that whilst the company's primary focus is developing the Etango project into a producing mine, drilling around the site continues. The resource is being increased with drilling at the extension sites (Oshiveli and Onkelo), and a new site (Hyena) which continues on a 6-8 week cycle. The last results were six weeks ago, which could see more results in the next few weeks".

It's all happening!